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ZIM -- Assays confirm Nara gold mineralised system
ZIM -- Assays confirm Nara gold mineralised system.
About this update from Kavango Resources Plc
[{"type":"text","content":"\n\nPRESS RELEASE\n13 August 2024\nKAVANGO RESOURCES PLC\n(\"Kavango\" or \"the Company\")\nZIM -- Assays confirm Nara gold mineralised system\nKavango Resources plc (LSE: KAV), the Southern Africa focussed metals exploration company is pleased to announce the receipt of assay results for its recent diamond drilling programme at the Nara Gold Exploration Project (\"Nara\") in Matabeleland, southern Zimbabwe.\nThe assay results confirm the presence of a gold mineralising system at Nara, highlighting anomalous gold zones underneath and directly associated with surface artisanal gold-producing structures. Kavango will now develop its understanding of these new zones before testing them with follow-up drilling.\nKavango holds an option to acquire Nara until June 2025 (announced >>> 26 June 2023).\nHighlights\n· Kavango has now received assay results for six initial scoping holes recently drilled for a total of 1,364.4 meters (\"m\") at Nara.\no The assay results confirm five out of six holes succeeded in intersecting the quartz vein shear structures worked by artisanal miners.\n· Higher gold grades of >5 grams per tonne (\"g/t\") were returned from interpreted narrow pinched zones within these structures.\n· The assay results provide confirmation of a gold mineralised system at Nara and support the potential for a large system of gold-bearing shears at the project.\n· Higher-grade assays at depth offer compelling evidence for continuation of structures, along with shallow structures under thick cover not yet found or worked by artisanal miners.\n· Kavango will now integrate its completed Induced Polarisation (\"IP\") surveys and modelled inversions over Nara with its drill data.\no The Company expects the work to identify further drill targets aimed at both expanding the footprint of existing deposits at the project and testing new structures.\nBen Turney, Chief Executive of Kavango Resources, commented:\n\"Our work in Zimbabwe is progressing at such a pace that Kavango's exploration team is increasingly focussed on exploration for mining.\nOur first phase of exploration at the Nara Project confirms the potential for a large-scale gold-bearing system here. We believe this is shaping up to become an underground opportunity for Kavang...